US protective tariffs
US tariffs undermine transatlantic relations
US tariffs are in breach of WTO rules ++ VCI sees the new tariffs as a potential first step in a major trade conflict ++ European Union and its Member States must speak and act as one whole now ++ Free and fair world trade needs joint efforts of the partners USA and EU.
Utz Tillmann, director-general of the German chemical industry association Verband der Chemischen Industrie e.V. (VCI), on the introduction of US protective tariffs for steel and aluminium from the European Union:
„The new US tariffs are in breach of WTO rules. They are inappropriate, as EU exports do not threaten the national security of the United States. Even though the chemical industry is not directly affected as yet, we see the new tariffs as a potential first step in a major trade conflict. Trade always depends on a reliable framework. Unilateral national action and closed markets are dead-end streets.”
Now it is important that the European Union and its Member States speak and act as one whole. The announced countermeasures are necessary after the one-sided and unfriendly step of the United States. For free world trade, we continue to advocate a stance where, at the same time, the door is kept open for liberalisation and further dialogue with the US. Free and fair world trade needs joint efforts of the long-standing partners USA and EU.”
The VCI represents the politico-economic interests of around 1,700 German chemical companies and German subsidiaries of foreign businesses. For this purpose, the VCI is in contact with politicians, public authorities, other industries, science and media.The VCI stands for over 90 percent of the chemical industry in Germany. In 2017 the German chemical industry realised sales of more than 195 billion euros and employed around 453,000 staff.